The Company recognized an impairment charge for goodwill during the three month period ending June 30, 2011, which substantially impacted the reported financial results for that period. The Company believes excluding the impairment charge provides investors and other interested parties with an additional meaningful measure to evaluate the Company’s results of operations. The following table reconciles the non-GAAP financial measure “Net loss to common shareholders excluding goodwill impairment charge, net of taxes” with “Net loss available to common shareholders” calculated and presented in accordance with GAAP.
|Three Months Ended June 30, 2011||Earnings Per Common Share Impact|
|(In thousands except per share data)|
|Net loss to common shareholders as reported||$||(38,960)||$||(3.33)|
|Less: Goodwill impairment, net of taxes||(21,635)||(1.85)|
|Net loss to common shareholders excluding goodwill impairment charge, net of taxes||$||(17,325)||$||(1.48)|